Electricity and Natural Gas Pricing
September 24, 2012
September electricity and natural gas pricing has continued to beat the utility SOS (Standard offer Service) pricing in most markets. Giving companies that pay directly for their utilities an opportunity to lower their energy costs and deploy those savings to other areas in their business. Recently a restaurant client reduced their cost of electricity by a penny per kilo Watt hour using Electric Advisors as the conduit, saving over $8,000.00 over the next 12 months. According to the owner, close to 50% of the money not being spent on energy is going to be used to beef up their social media outreach as part of a larger campaign to fill more seats more often. What would you business do with another $4,000.00 in marketing spend?
A Beginner's Guide To RECs
The PJM Interconnection serves the Mid-Atlantic, as well as parts of the Midwest and Southern U.S.
As businesses start the budgeting process for 2025, electricity supply costs across the PJM Interconnection region are rising, driven largely by an increase in capacity charges. Capacity charges, which ensure enough power is available during peak demand, have seen a sharp uptick, leading to higher rates, especially in the DC and Maryland areas. Both residential and commercial customers are facing these increases, with supply prices potentially rising by as much as 20%, significantly impacting operational costs. However, there is still time to mitigate the coming increase in supply rates. From simple energy efficiency upgrades, such as LED lighting or smart thermostats, to longer-term projects like solar panel installations and power walls, businesses have a range of options to reduce their energy consumption and control costs. These strategies can offer significant savings over time and position companies for more sustainable energy use. We encourage you to talk with business owners and decision-makers in your network about these rising costs. This is a great time to introduce them to Electric Advisors, where we can help them navigate these changes and find ways to reduce their energy expenses. Your referrals can play a crucial role in helping those in your network become more competitive. Best,
